Nevada Administrative Code — Title 32 (Revenue and Taxation)
Nev. Admin. Code § 361.203 — 361.203
NAC 361.203 Accelerated cost recovery system defined. ( NRS 360.090 , 361.320 ) Accelerated
cost recovery system means a tax accounting methodology whereby normalized
accounting is used to reduce or defer taxes on property and income.
(Added to NAC by Tax Commn, eff. 9-30-88)
Source: official text